Discount Calculator

Step-by-step solution

1. 1

   Identify the given values

   The price and each percentage become exact fractions — nothing is rounded.

   • P = 120
   • d₁ = 20%
2. 2

   Turn the first discount into a factor

   A discount of 20% keeps the remaining part of the price, so the multiplier is the exact fraction below.

   $$1 - \frac{20}{100} = \frac{4}{5}$$
3. 3

   Apply the first discount

   Multiply the price by the factor; the running subtotal is 96.00.

   $$120 \cdot \frac{4}{5} = 96$$
4. 4

   Final price

   The final price is 96.00 (exact fraction shown above).

   $$96 \approx 96.00$$
5. 5

   Amount saved

   The discounts save 24.00, which is 20% of the original price.

   $$120 - 96 = 24$$
6. 6

   Result

   Final price 96.00; you save 24.00 before tax.

   $$120 \rightarrow 96$$